Question
Blue Landscaping services is entering its fifth year in operating and is currently performing its year end analysis. Organizational management evaluates both financial and nonfinancial
Blue Landscaping services is entering its fifth year in operating and is currently performing its year end analysis. Organizational management evaluates both financial and nonfinancial measures to determine what areas may need improvement. They asked Karen, a staff accountant, to collect some data and perform an analysis on the company's accounts receivable. Karen has gathered the following information:
Year 1Year 2Accounts Receivable, beginning98,000.00 96000Accounts Receivable, ending96,000.00 110210Net Credit Sales1,023,350.00 10% increase over last yearUse the information above to answer the following questions:
What are the accounts receivable turnover amounts in Year 1 and 2, and what is the percentage change between the years?
Accounts Receivable Turnover in Year 1:______
Accounts Receivable Turnover in Year 2:________
% Change in accounts receivable turnover: _________
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